The fund seeks to track the total return performance of a benchmark index before fees and expenses by investing in companies across any size in the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

The process employs an indexing investment approach to track the performance of the MSCI US Investable Market Index (IMI)/Consumer Staples 25/50 Index.

Then the research team focuses on the consumer staples sector, which includes stocks of companies that provide direct-to-consumer products.

The team follows the GICS consumer staples sector classification which includes companies that tend to be less sensitive to economic cycles.

The businesses include manufacturers and distributors of food, beverages, and tobacco, as well as producers of nondurable household goods and personal products. It also includes food and drug retailing companies as well as hypermarkets and consumer supercenters.

Then the manager constructs a diversified portfolio from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund seeks to replicate the composition of the benchmark index, holding each security in approximately the same proportion as its weighting in the Index.

The fund seeks to track the total return performance of a benchmark index before fees and expenses by investing in companies across any size in the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

The process employs an indexing investment approach to track the performance of the MSCI US Investable Market Index (IMI)/Consumer Staples 25/50 Index.

Then the research team focuses on the consumer staples sector, which includes stocks of companies that More